The grain company evolving from the former Canadian Wheat Board has announced construction of its third new elevator in Western Canada. CWB says it’s beginning construction on a 42 thousand metric tonne elevator at Pasqua, Saskatchewan — approximately 10 kilometres east of Moose Jaw on Highway 39. The facility will be adjacent to the CP… Read More
Category: Grain Markets
While oat supplies will be tighter than normal this year, problems getting the crop to market continue to put downward pressure on cash bids in Western Canada. “Oats is going to remain a tight supply, tight shipping market,” says Lorne Boundy, a Winnipeg-based oat merchandiser with Paterson Grain, in the following interview. The federal government’s… Read More
As we close the month of August, the harvest itch was replaced in most areas with frustration as most of the U.S. Midwest and Canadian Prairies got hit with some untimely, heavy rains. The recent rains were seen as positive for both sides of the cornbelt with Iowa, Illinois, Indiana, & Nebraska all getting a… Read More
High disease levels have winter wheat growers in Western Canada concerned about the market prospects for the crop. Samples brought to elevators in some areas — especially central Manitoba — have contained up to 20 percent fusarium damaged kernels. Buyers have started discounting grain based on the related potential vomitoxin levels. So where will this… Read More
Viterra has announced plans to build a new grain terminal near the company’s canola crush plant at Ste. Agathe, Manitoba. The company says it will have storage capacity of around 30 thousand metric tonnes with loading facilities for trains of up to 124 cars. The site also has access to service from both CN Rail… Read More
If ever you’ve heard anyone say that new agriculture and food traits aren’t regulated or tested, you’ll want them to watch the following interview. A key aspect of this year’s Momentum Tour, put on by Monsanto Canada, was the roll-out of two new crop traits — TruFlex canola and Xtend soybeans. Sharp-eyed readers will note… Read More
Grain markets this week tracked along with the annual ProFarmer US Crop tour which hit Ohio, Indiana, Illinois, Iowa, Nebraska, South Dakota and Minnesota. The results were mostly what everyone was expecting: there’s a big crop is out there and the market knows it. Digging into the crop tour’s numbers, estimated corn and soybean pod… Read More
Statistics Canada’s July, 2014 report of principal field crops echos what many farmers and analysts have already concluded — 2014 most certainly won’t be a repeat of 2013. Of note, farmers are set to harvest the most acres of soybeans ever planted in the country — a million more than 2013. Manitoba farmers may harvest… Read More
Grain and oilseed prices through the middle of August continue to be depressed by anticipation of a bigger harvest. Specifically, on Tuesday, August 12th we got this month’s version of the USDA’s WASDE report which came in somewhat bullish corn, despite production still being pegged at over 14 billion bushels. Corn prices were supported by… Read More
Grains started the month of August with a little oomph as the tension between Russian and the rest of the Western world continues to build. Moscow is building up its military resources on the eastern Ukrainian border, signed a five-year oil deal with Iran, announced a one-year ban on the import of various agricultural products… Read More
The grain market continues to stagnate as traders, managed money, commercials, and producers alike are trying to determine if a bottom has finally been found. Grains have traded lower this week but wheat has rallied to close much higher than earlier in the week. Ultimately, July was an ugly month for the grains complex: canola… Read More
Favourable weather continues to hover like a dark cloud over the grain markets as they continue to trek lower, just as meat prices are going the opposite direction. While most prices are relatively unchanged week-over-week, soybean prices did find a bit of a bounce on very strong U.S. export sales (as they say, the cure… Read More
It’s freight. It’s margin. It’s a tally of any number of other costs and variables but when it’s all said and done, basis is really nothing more than an incentive to either sell your grain or a reason to sit on it a while longer. While farmers would love to pick apart and object to… Read More
Listen to this week’s market wrap-up on Soundcloud: Grains are mostly lower this week as the market chews through a bearish report from the USDA on Friday, July 11th. The only place you would’ve seen bulls roaming around was at the Calgary Stampede, I’m afraid. Managed money continues to be net sold of all grains,… Read More
We’re at a critical point in the growing season — some of Canada’s pulse crops, specifically lentils, are struggling through excess moisture which could send prices higher. At the same time, those crops destined for markets accessed through the south or east shipping corridors are faced with slow movement, even if export demand is steady…. Read More